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Indicators of economy in Saint Vincent and the Grenadines

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Saint Vincent and the Grenadines, on the other hand, reached USD 7.997 per capita, or 889.78 million USD in the whole country. Saint Vincent and the Grenadines is currently at number 199 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Saint Vincent and the Grenadines is in the list of the world's richest countries in place 93.

Inflation in Saint Vincent and the Grenadines was in 2021 at around 1.57%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 37.0% lower.
The Corruption Perceptions Index for the public sector counts 59 and is compared to other countries moderate.


Back to overview: Saint Vincent and the Grenadines

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Saint Vincent and the Grenadines in 2020 decreased moderatly from 910.15 million US Dollar to 872.13 million US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 4.2% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 67 percent. The unemployment rate rose from 19.3 to 21.0 percent. The inflation rate has fallen from 0.9 percent previously to -0.6 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Saint Vincent and the Grenadines
Total
Saint Vincent and the Grenadines
per capita
EU
Total
EU
per capita
GDP889.78 m USD7,996.61 USD17.09 tn USD33,228.68 USD
Gross national product900.92 m USD8,096.75 USD16.78 tn USD32,621.03 USD


Development of gross domestic product in million US Dollar 1960 - 2021



Im- and Exports 2021

 Saint Vincent and the Grenadines
Total
Saint Vincent and the Grenadines
per capita
EU
Total
EU
per capita
Imports415.73 m USD3,736.26 USD8,916.24 bn USD17,337.55 USD
Exports125.78 m USD1,130.41 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1978 - 2021

Exports
Imports



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United States: Public HolidaysPublic holidays in the United States 2022-2026Statutory and inofficial holidays in the United States for 2022 to 2026